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by Anastasiia Zaika

May 19, 2026 5:28 AM ET

UPDATE (BOOKS): European Investment Bank €1.5bn 5yr Sr Unsec FRN; ESTR+26bp

IGC European Market: Deal Flow - SSA

Issuer	Term	Maturity	Size	Ranking	Type	Guidance	Spread Set
European Investment Bank	5yr	26-May-31	€1.5bn	Sr Unsec	Floating	ESTR+27a	ESTR+26

Final books closed over €5.1bn (inc €500m JLM interest)

Launched: 5yr: €1.5bn @ ESTR+26bp - IOIs in excess of €4bn (inc €500m JLM interest)
Guidance: 5yr: ESTR+27a

Issuer: European Investment Bank (EIB)
Exp. Issue Rating: Aaa/AAA/AAA/AAA (Moody's/S&P/Fitch/Scope)
Status: Senior Unsecured, 0% RW
Format: EMTN - Reg S, Category 1, Registered Form
Size: €1.5bn
Settlement: 26-May-26 (T+4)
Maturity: 26-May-31
Coupon: Compounded ESTR + 26bps, Floating, Quarterly, ACT/360, first coupon to be paid on 26-Aug-26
Convention: ESTR Index where ESTR Index Start and ESTR Index End will be 5 target settlement days prior to the Interest Period
Leads: Barc/DB/HSBC/RBC (B&D)
Listing/Denom: Luxembourg Stock Exchange’s Regulated Market / €1k+€1k
Governing Law: Luxembourg Law
Timing: Books open, today's business. Books to close at 10:00 LDN / 11:00 CET. Allocations and pricing to follow.
Target Market: The manufacturer target markets (EU MIFID II and UK MiFIR product governance) as assessed by the lead managers are Retail / Professional / Eligible Counterparties (all distribution channels)